How The Man Who Challenged Tesla Went Bankrupt

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  • Published on:  Monday, January 13, 2020
  • Faraday Future, a California-based electric-car startup and Tesla's once rival, generated buzz in 2015 as the company poached top talent from Tesla, BMW, Audi, Ford, and Ferrari. Called "Tesla killer," Faraday’s meteoric rise in notoriety occurred on dubious underpinnings — the company did not promise a product, nor did it announce any concrete plans for its first few years of operation. The mystery surrounding Faraday was only matched by its enigmatic cofounder and CEO, Jia "YT" Yueting, the billionaire businessman who founded multiple telecom companies in China but left abruptly to become the CEO of Faraday. We took a look at YT and Faraday Future's promise, the financial woes that led them both to bankruptcy, and YT's relationship with the reanimated Faraday today.

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    How The Man Who Challenged Tesla Went Bankrupt
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Comment

  • The Future Is Here
    The Future Is Here  32 minutes ago

    So this YT hustler had the ambition and the charisma to challenge Elon Musk, just not the brains or the talent

  • 韩艺
    韩艺  33 minutes ago

    Legend has it that he will be back to China next week. (Probably only Chinese people get this joke...)

  • pineapple pizza aficionado

    He just wanted to copy Tesla by stealing their employees with the backup of Chinese money. Then he failed miserably. No sympathy at all.

  • J P
    J P  4 hours ago

    Challenging Tesla? More like getting squashed by Chinese Investors.

  • Hi Beam
    Hi Beam  5 hours ago

    They should have named the cars Bolt⚡ and focus on led technology and better than Tesla design👍

  • Rod Ney
    Rod Ney  9 hours ago

    Nice advertisement

  • Faizan Shaikh
    Faizan Shaikh  9 hours ago

    lets hope it gets better for him and the world

  • motyyy !!!
    motyyy !!!  10 hours ago

    The first actual asian who failed

  • Abhishek B A
    Abhishek B A  11 hours ago

    I think he forgot to read lot of books like Elon Musk...!

  • You-know-who- is-here

    We are trying to be green but at the same time challenging each other on who’s product we should use to be green

  • Koaasst
    Koaasst  18 hours ago

    YT didnt have enough Asperger's. you go Elon, i will follow you till my puts pay off!

  • Takudzwa Mufunde
    Takudzwa Mufunde  18 hours ago

    His cars look better than most Teslas , how did he fail ?

  • CRM6718
    CRM6718  19 hours ago

    good riddance...

  • Ditlev Raunsmed
    Ditlev Raunsmed  20 hours ago

    This guy sounds like Spider man. Don’t tell me I’m wrong

  • führer reicht
    führer reicht  20 hours ago

    Cus this sucker ain’t paying money back if I was the investors I’d hire a hitman or hacker or even both to get back something

  • OvaChicken
    OvaChicken  21 hours ago

    well what happened to Tesla and his idea again ?

  • Next Gen Games
    Next Gen Games  21 hours ago

    Wow..u don't see this news details on the TV news even, what else we don't see on the TV news = Lol

  • Elon Musketeer
    Elon Musketeer  23 hours ago

    A broke rich man is still a rich man.

  • Israel Enix
    Israel Enix  23 hours ago

    With the help of the U.S government that's how this company went down

  • 1BlackopsGuru
    1BlackopsGuru  23 hours ago

    the title of this video should be: how the man who challenged tesla went Lebankrupt